TRENTON, N.J. (December 13, 2016) – To stimulate the redevelopment of underutilized properties and catalyze future development opportunities in strategic urban areas, the Board of the New Jersey Economic Development Authority (EDA) today approved an expansion of its Real Estate Impact Fund. Originally created as a pilot program to provide early capital to private developers, the Fund will now offer a public component, allowing Urban Aid municipalities and eligible local redevelopment agencies or county improvement authorities to also qualify for low-interest financing.